AGORACOM Small-cap Investor Relations Blog

Good morning, folks.  Evolving Gold Corp. (TSXV: EVG) (FSE:EV7) is an AGORACOM client that announced impressive assay results yesterday.  As the IR firm, I can’t use anymore adjectives but I do suggest gold bugs take a closer look at the company’s full press release.  You’ll be happy to know that as of this press release, Evolving has about $18,000,000 in the treasury.

Here are some highlights:

Additional assay results from the 2008 Phase One core drilling program at its Rattlesnake Hills project in Wyoming.

Drillhole RSC 007 has intersected 131 meters of 2.74 grams/tonne gold (g/t).

The re-assay of Hole RSC 003 using metallic screen fire assays has improved the results to 2.92 grams/tonne gold (g/t gold) over 146.3 meters. Due to visible gold and high grades encountered in drill hole RSC-003, (see news release 8/9/08), portions of the results were re-assayed using metallic screen fire assay protocols. In the re-assay the 146.3 meter interval has improved from 2.48 g/t to 2.92 g/t gold.

A comparison of specific intervals is detailed below.

Drill Hole RSC-007 (North Stock):

Hole RSC-007 was drilled to the south and collared approximately 65 meters to the southwest of hole RSC-003. Hole RSC-007 is interpreted to intersect the same zone of gold mineralization in the upper portion of the drill hole as was intersected in the upper portion of hole RSC-003. The bottom of RSC-007 is also interpreted to intersect the beginning of the lower zone of mineralization observed in hole RSC-003. This hole ended in gold mineralization of 2.58 g/t gold at 554.1 meters. The more significant intervals from hole RSC-007 are:

A re-assay program of metallic screen fire assays will be completed for the higher grade sections of hole RSC-007.

Drill Holes RSC-004 and 005 (North Stock):

These two drill holes drilled on the southeast portion of the North Stock target, intersected numerous zones of 0.X -1.X gpt gold. Some of the better intersections are shown in the tables below:

Drill Hole RSC-006 (North Stock):

Some of the better intersections include:

About Evolving Gold Corp.

Evolving Gold is focused on its discovery property – Rattlesnake Hills, Wyoming. Assay results for the first seven holes reveal an intersection of 2.92 Grams/Tonne over 146 Meters (RSC 003) and 2.74 Grams/Tonne over 131 meters (RSC 007). The Company has completed a 15 hole, 6,500 meter drilling program on this property with further assay results coming out over the next months. Evolving has the option to acquire 100% of the Rattlesnake Hills project.

Evolving also has 8 other gold properties primarily in Nevada including a lease agreement with Newmont Mining Corporation on four prospective gold properties (North Carlin District Properties) located within the prolific Carlin Gold Trend (see press release 12/5/2007).

Evolving Gold has over $18 million in its treasury.

In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., President and Chief Geologist of Evolving Gold, is the Qualified Person responsible for the accuracy of this news release.

Investors can post questions and receive answers or review questions and answers posted by other investors at the Evolving Gold Corp. IR Hub athttp://www.agoracom.com/IR/evolving. Investors can also e-mail [email protected] with questions and correspondence or request to be added to the investor email list to receive all future press releases and updates in real time.

For further information: Evolving Gold Corp., Robert Bick, Executive Chairman, [email protected], Direct: (604) 685-6375, Toll Free: 1-866-604-3864, www.EvolvingGold.com